Qkart Limited

QKart Limited, based in Gravesend, UK, is a small, active company founded just two years ago. With a single employee and £20,555 in assets, it’s a solo founder operation led by a director and owner, Dahiya Harender. The company operates in the retail sale via mail order houses or via internet, suggesting an e-commerce focus, though no website was found to confirm this.

Being a small company (meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), Qkart Limited is likely agile but faces typical startup challenges. Financially, the picture is mixed. While cash on hand increased slightly to £4,200, current assets decreased by 23% to £21,000. Trade debtors soared by 160% to £16,000, potentially indicating an increase in credit sales or delayed customer payments. However, the most concerning trend is the dramatic decrease in equity, plummeting by 4900% to -£48,000. This suggests significant losses and a reliance on debt, with creditors also rising by 180% to £67,000. Bank borrowings are at £67,000.

The lack of employees (just one reported) points to a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited. It's clear that Qkart Limited is burning through money, with a substantial loss reported. Whether this is a temporary setback or a longer-term issue remains to be seen, but the company will need to carefully manage its finances to ensure its survival.

Registered in England/Wales under the registration number 14060581, with a registered address at DA12 1DW, United Kingdom, Gravesend, Kent, Alpha House, Unit A, Peacock Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.